13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001908219
申報總市值
US$80.7億
US$80.7億
105 檔
17.8%
在 Q3 2025 申報期間，Canoe Financial LP（CIK: 0001908219）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$80.7億，共持有 105 個公開申報部位。
從 Q3 2025 申報觀察，Canoe Financial LP 採取防禦導向的調倉策略，本季減碼 23 檔個股並出清 6 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 TSM, GOOGL, MSFT）累計市值佔比達 17.8%，是驅動 Canoe Financial LP 該季度整體投資組合績效表現的核心支柱。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 5.36% | +0.28% | -11.07% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.08% | -0.17% | -11.48% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.03% | -0.44% | -6.29% | |
| 4 | CNI | Canadian Natl Railway Co | 股票-工業 | 3.73% | +0.22% | +5.97% | |
| 5 | WFC | Wells Fargo & Co | 股票-金融 | 3.34% | +0.11% | -17.74% | |
| 6 | AZO | Autozone Inc | 股票-循環性消費 | 3.17% | -0.42% | -7.45% | |
| 7 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.15% | +0.13% | +63.96% | |
| 8 | MCO | Moody's CORP | 股票-金融 | 2.80% | -0.24% | -3.17% | |
| 9 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 2.71% | -0.17% | +19.49% | |
| 10 | CNQ | Canadian Natural Resources | 股票-能源 | 2.61% | -1.09% | -6.70% | |
| 11 | MA | Mastercard Inc - A | 股票-金融 | 2.47% | -0.18% | -4.09% | |
| 12 | PM | Philip Morris International | 股票-非循環性消費 | 2.35% | +0.05% | +57.23% | |
| 13 | AXP | American Express Co | 股票-金融 | 2.34% | -0.04% | -26.68% | |
| 14 | QSR | Restaurant Brands Intern | 股票-循環性消費 | 2.31% | -0.37% | -0.66% | |
| 15 | ADI | Analog Devices Inc | 股票-科技 | 2.26% | +0.22% | -20.99% | |
| 16 | RY | Royal Bank Of Canada | 股票-金融 | 2.16% | +0.26% | -1.27% | |
| 17 | CME | Cme Group Inc | 股票-金融 | 2.15% | -0.66% | -3.44% | |
| 18 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 2.10% | +0.06% | +38.95% | |
| 19 | ORCL | Oracle CORP | 股票-科技 | 2.07% | — | +6.38% | |
| 20 | EQT | Eqt CORP | 股票-能源 | 1.90% | +0.08% | +63.42% | |
| 21 | RBA | Rb Global Inc | 股票-工業 | 1.88% | +0.23% | -1.39% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 1.87% | +0.01% | -1.16% | |
| 23 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.83% | +0.69% | +5.73% | |
| 24 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.80% | +0.27% | +18.12% | |
| 25 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.77% | -0.32% | -11.06% | |
| 26 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.72% | -0.23% | -2.03% | |
| 27 | MSCI | Msci Inc | 股票-金融 | 1.70% | -0.11% | +12.61% | |
| 28 | ROP | Roper Technologies Inc | 股票-科技 | 1.70% | -0.01% | +2996.88% | |
| 29 | SYY | Sysco CORP | 股票-非循環性消費 | 1.68% | — | -3.40% | |
| 30 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.67% | -0.14% | -4.56% | |
| 31 | ICE | Intercontinental Exchange In | 股票-金融 | 1.60% | +0.26% | — | |
| 32 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.58% | +0.09% | -22.08% | |
| 33 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 1.55% | +0.01% | -0.76% | |
| 34 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 1.27% | -0.03% | +9.45% | |
| 35 | MTB | M & T Bank CORP | 股票-金融 | 1.22% | +0.09% | +46.76% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.16% | — | -2.91% | |
| 37 | COF | Capital One Financial CORP | 股票-金融 | 1.15% | -0.01% | EXIT | |
| 38 | MTD | Mettler-toledo International | 股票-醫療保健 | 0.98% | -0.09% | -3.61% | |
| 39 | TD | Toronto-dominion Bank | 股票-金融 | 0.96% | +0.01% | -0.97% | |
| 40 | EFXT | Enerflex LTD | 股票-其他 | 0.95% | +0.11% | -1.09% | |
| 41 | ASML | ASML Holding N.V. | 股票-科技 | 0.95% | — | -4.77% | |
| 42 | CRM | Salesforce Inc | 股票-科技 | 0.83% | -0.02% | +16.37% | |
| 43 | FISV | Fiserv Inc | 股票-其他 | 0.77% | +0.25% | +37.88% | |
| 44 | RRC | Range Resources CORP | 股票-能源 | 0.75% | +0.12% | -31.99% | |
| 45 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.69% | — | -1.71% | |
| 46 | NOC | Northrop Grumman CORP | 股票-工業 | 0.68% | -0.16% | -2.89% | |
| 47 | GGG | Graco Inc | 股票-工業 | 0.67% | -0.44% | -7.72% | |
| 48 | CB | Chubb Limited | 股票-金融 | 0.57% | — | -3.02% | |
| 49 | SPGI | S&p Global Inc | 股票-金融 | 0.52% | -0.06% | -6.06% | |
| 50 | ICLR | ICON Public Limited Company | 股票-醫療保健 | 0.49% | — | +2.12% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.8% | +6.38% | 加碼 |
| 2 | ROP | Roper Technologies Inc | +1.7% | +2996.88% | 加碼 |
| 3 | MTB | M & T Bank CORP | +1.2% | +46.76% | 加碼 |
| 4 | EQT | Eqt CORP | +1.1% | +63.42% | 加碼 |
| 5 | TSM | Taiwan Semiconductor-sp Adr | +1% | -11.07% | 減碼 |
| 6 | OTIS | Otis Worldwide CORP | +0.7% | +63.96% | 加碼 |
| 7 | RCI | Rogers Communications Inc-b | +0.6% | -1.71% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.5% | -11.48% | 減碼 |
| 9 | MSFT | Microsoft CORP | +0.4% | -6.29% | 減碼 |
| 10 | CVS | Cvs Health CORP | +0.3% | +5.73% | 加碼 |
| 11 | ROST | Ross Stores Inc | +0.3% | -2.03% | 加碼 |
| 12 | CNQ | Canadian Natural Resources | +0.3% | -6.70% | 加碼 |
| 13 | AEM | Agnico Eagle Mines LTD | +0.3% | +19.49% | 減碼 |
| 14 | RY | Royal Bank Of Canada | +0.3% | -1.27% | 減碼 |
| 15 | FISV | Fiserv Inc | +0.2% | +37.88% | 加碼 |
| 16 | EFXT | Enerflex LTD | +0.2% | -1.09% | 減碼 |
| 17 | ADI | Analog Devices Inc | +0.1% | -20.99% | 減碼 |
| 18 | TD | Toronto-dominion Bank | +0.1% | -0.97% | 減碼 |
| 19 | WFC | Wells Fargo & Co | +0.1% | -17.74% | 加碼 |
| 20 | WTW | Willis Towers Watson Public Limited Company | 0% | +9.45% | 加碼 |
| 21 | AXP | American Express Co | 0% | -26.68% | 減碼 |
| 22 | SYY | Sysco CORP | 0% | -3.40% | 減碼 |
| 23 | MSCI | Msci Inc | -0.1% | +12.61% | 加碼 |
| 24 | CNI | Canadian Natl Railway Co | -0.1% | +5.97% | 加碼 |
| 25 | ATS | Ats CORP | -0.2% | -2.76% | 減碼 |
| 26 | ALC | Alcon Inc. | -0.2% | — | 減碼 |
| 27 | SPGI | S&p Global Inc | -0.2% | -6.06% | 減碼 |
| 28 | MA | Mastercard Inc - A | -0.5% | -4.09% | 減碼 |
| 29 | ELV | Elevance Health Inc | -0.5% | +18.12% | 加碼 |
| 30 | AZO | Autozone Inc | -0.5% | -7.45% | 減碼 |
| 31 | PM | Philip Morris International | -0.5% | +57.23% | 減碼 |
| 32 | MCO | Moody's CORP | -0.6% | -3.17% | 減碼 |
| 33 | WPM | Wheaton Precious Metals CORP | -0.7% | -0.76% | 減碼 |
| 34 | RRC | Range Resources CORP | -0.8% | -31.99% | 減碼 |
| 35 | EXE | Expand Energy CORP | -1% | -29.62% | 減碼 |
| 36 | GIB | Cgi Inc | -1.4% | -92.56% | 減碼 |
| 37 | ADBE | Adobe Inc | -1.4% | -39.54% | 減碼 |
| 38 | UNH | Unitedhealth Group Inc | -3.1% | -22.08% | 減碼 |
| 39 | TECK | Teck Resources Ltd-cls B | — | NEW | 新建倉 |
| 40 | ICE | Intercontinental Exchange In | — | NEW | 新建倉 |
| 41 | DFSEUR | Discover Financial Services | — | EXIT | 清倉 |
| 42 | COF | Capital One Financial CORP | — | NEW | 新建倉 |
| 43 | ASML | ASML Holding N.V. | — | NEW | 新建倉 |
| 44 | CRM | Salesforce Inc | — | NEW | 新建倉 |
| 45 | HCA | Hca Healthcare Inc | — | EXIT | 清倉 |
| 46 | DLTR | Dollar Tree Inc | — | EXIT | 清倉 |
| 47 | CTRA | Coterra Energy Inc | — | EXIT | 清倉 |
| 48 | VRSN | Verisign Inc | — | EXIT | 清倉 |
| 49 | FTV | Fortive CORP | — | EXIT | 清倉 |
| 50 | BTE | Baytex Energy CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Canoe Financial LP 在 Q3 2025 季度的美股持倉總市值約為 US$80.7億，共申報了 105 個公開持股部位。
在 Q3 2025 季度，Canoe Financial LP 按市值排列的前三大核心持股分別為：TSM (5.4%)、GOOGL (4.1%)、MSFT (4.0%)。其中最大持股部位 TSM 佔據整體投資組合約 5.4% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
TECK
市值: US$1.5億
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$1.0億
在 Q3 2025 季度中，Canoe Financial LP 共進行了 50 項持倉異動，包含新建倉 6 個部位、加碼 15 個部位、減碼 23 個部位以及清倉 6 個部位。 其中最大新建倉標的為 TECK。 本季清倉部位包含 DFSEUR。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。